Transaction Costs, Markets and Hierarchies

Christos Pitelis is Barclays Bank Lecturer in Industrial Organization and Corporate Strategy. The Judge Institute of Management Studies, and Fellow in Economics, Queens' College, both at the University of Cambridge.

• 1. Transaction Costs, Markets and Hierarchies: Christos Pitelis (University of Cambridge). 2. The Nature and Role of Markets: Malcolm Sawyer (University of Leeds).3. In the Beginning there were Markets?: Frederick Fourie (University of the DFS, South Africa).4. Control, Markets and Firms: Keith Cowling and Robert Sugden (University of Birmingham).5. Transaction Costs and the Evolution of the Firm: Geoffrey Hodgson (Newcastle Polytechnic).6. The Appropriability Critique of Transaction Cost Economics: Gregory Dow (University of Alberta, Canada).7. Power and Efficiency in the Firm: Paul Marginson (University of Warwick).8. Transaction Costs,... and Revenues: Michael Dietrich (Newcastle Polytechnic).9. Transaction Cost Economics and the State: William Dugger (DePaul University, Chicago).10. Markets, Hierarchies and Markets Again: Steve Thompson and Mike Wright (University of Manchester and University of Nottingham).11. Markets, False Hierarchies and the Role of Asset Specificity: Neil Kay (University of Strathclyde).12. On Transactions (Costs) and Markets and (as) Hierarchies: Christos Pitelis (University of Cambridge).

"There is a plethora of interesting ideas to be found in these papers. I think the papers collected here are well worth reading." Journal of Economics